The Atlanta Fed named Raphael Bostic as its new president. Bostic, who previously worked in the Department of Housing and Urban Development under President Barack Obama, will be first African-American regional Fed president. Janet Yellen and the Fed have in the past faced criticism for the lack of diversity at the Fed.

Bitcoin surged back on Monday. Despite the Securities and Exchange Commission ruling against a bitcoin ETF started by the Winklevoss twins that sent the cryptocurrency tumbling on Friday, bitcoin surged back above $1,200 per coin.